BCC comments on no-deal tariff plans

Commenting on the announcement of changes to tariffs in the event of a no-deal Brexit, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

“If the tariffs announced today were to come into effect, there would be winners and losers across UK industry overnight. The abruptness of changes to tariff rates in the event of a no-deal exit from the EU would be an unwelcome shock to many of the businesses affected.

“If the government were to bring these tariffs into effect on March 30, the move would also have the potential to cede negotiating leverage in future trade talks.

“While ministers have clearly listened to our arguments and maintained targeted protection in some areas, overall there has not been enough consultation, preparation or planning to support the firms and communities that could find themselves at the end of a sudden shift in tariffs. As MPs vote tonight, this is yet another reason why they must act to avoid a messy and disorderly exit from the EU on March 29.”